Search results
Results from the WOW.Com Content Network
The Social Security debate in the United States encompasses benefits, funding, and other issues. Social Security is a social insurance program officially called "Old-age, Survivors, and Disability Insurance" (OASDI), in reference to its three components. It is primarily funded through a dedicated payroll tax. During 2015, total benefits of $897 ...
President Joe Biden delivered the State of the Union address on March 7, in a wide-ranging speech in which he addressed what he plans to change -- or not change -- about drug costs and Medicare, as...
The measure, dubbed the Social Security Fairness Act, would do away with tax rules that proponents say have led to unfair reductions in benefits for those who have worked in public service for ...
The Social Security trust fund is expected to pay full benefits until 2033. While the program won't disappear entirely after that date, payments could decrease to 79% of scheduled benefits.
The provisions of Social Security have been changing since the 1930s, shifting in response to economic worries as well as concerns over changing gender roles and the position of minorities. Officials have responded more to the concerns of women than those of minority groups. [36] Social Security gradually moved toward universal coverage.
The Social Security Amendments of 1967 included a 13% increase in old-age, survivors, and disability insurance benefits, with a minimum monthly benefit of $55 for a person retiring at or after age-65 (or receiving disability benefits), an increase from $35 to $40 in the special age-72 payments, an increase from $1,500 to $1,680 in the amount a ...
The Social Security Fairness Act, which would increase benefits for 2.8 million retirees, has bipartisan support but time running out. ... In a speech on the Senate floor earlier in the week ...
Critics of Social Security have said that the politicians who created Social Security exempted themselves from having to pay the Social Security tax. [176] When the federal government created Social Security, all federal employees, including the president and members of Congress, were exempt from having to pay the Social Security tax, and they ...